BANGALORE, INDIA -- (Marketwire) -- 02/19/13 -- Bessemer Venture Partners, a top venture capital firm backing great entrepreneurs, is pleased to announce the promotion of Subramanya S.V. (Subu) to Managing Director. This formalizes the leadership role Subu has played in the firm's Bangalore office and recognizes his contribution to BVP since he joined the firm in 2007.

"BVP's global strategy has created growth for the firm and for the innovative companies we back around the world. Key to cracking high potential markets, such as India, is the presence of strong investors on the ground," said Ed Colloton, a partner in the Menlo Park, Calif. office where he is chairman of the firm's investment and management committees and leads the operations of the firm. "Subu's leadership skills, knowledge of the business landscape in India, and his strong investments in consumer and technology start ups will position him to grow BVP's business in coming years."

Subu focuses on investments in technology and consumer businesses. He was closely involved with the firm's investments in IL&FS Transportation Networks, Palogix Infrastructure, Tulip Telecom, Anantraj Industries and Riddhi Siddhi Gluco Biols among others. Prior to joining BVP, Subu worked with Avendus Capital, an Indian investment bank, where he advised companies on private equity transactions and mergers and acquisitions. Previously, he was a consultant with KPMG and started his career as a programmer with Wipro Technologies. Subu holds a bachelor's degree in Computer Science and Engineering from Mysore University and an MBA from the Indian Institute of Management Ahmedabad.

With offices in Mumbai and Bangalore, BVP has 10 investors focused on growth and innovation opportunities in India. Since 2004, Bessemer has invested in more than 24 companies in India.

About Bessemer Venture PartnersWith $4.0 billion under active management, Bessemer Venture Partners (BVP) is a global venture capital firm with offices in Silicon Valley, Cambridge, Mass., New York, Mumbai, Bangalore and Herzliya, Israel. BVP delivers a broad platform in venture capital spanning industries, geographies, and stages of company growth. From Staples to Skype, VeriSign to Yelp, LinkedIn to Pinterest, BVP has helped incubate and support companies that have anchored significant shifts in the economy. More than 100 BVP-funded companies have gone public on exchanges in North America, Europe, and Asia. See www.bvp.com or follow BVP on Twitter: @bessemervp

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